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Nov 26, 2012
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grover norquist's tax pledge could be history. and all eyes are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the speaker does have to b negotiating a deal. >> i did a spit take with my fruity pebbles watching "morning joe" because eric cantor's tone was unlike anything i've ever heard. his office is saying oh, no, he's against raising marginal rates, but it's clear that in the scheme of things, the biggest piece is does john boehner have enough running room to strike a deal involving some new revenue. i still am of the belief that the vote in the house, which will be a cliff hanger no matter what happens amongst the leaders in the white house, it will be a tough vote. i t
grover norquist's tax pledge could be history. and all eyes are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the...
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Nov 26, 2012
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. >> some of the eu executives say the member states say increase in carbon tax is an affordable in cash-strapped times. >> the members are open to come up with concrete cut to cut these gases up the conference. >> with so many lights glowing in the night at thousands of cars rolling through the city, it they do not seem too worried about global warming. qatar's initials are highest in the world. >> they are ambitious open for change on global level. they want to work to a new agreement that will take effect by 2020. >> this is a historic conference. it is a vital importance, considering the items on the agenda. it is a turning point in the negotiations on climate change. >> breyer's, experts have sounded urgent warnings about melting polar ice and extreme weather. they say that in order to limit global temperature rise to two degrees celsius, greenhouse gas emissions must be kept low, but total emissions are still rising every year. many experts believe may it already be too late. temperatures could surge by of to four degrees celsius this century. compared to pre-industrial levels. the conseque
. >> some of the eu executives say the member states say increase in carbon tax is an affordable in cash-strapped times. >> the members are open to come up with concrete cut to cut these gases up the conference. >> with so many lights glowing in the night at thousands of cars rolling through the city, it they do not seem too worried about global warming. qatar's initials are highest in the world. >> they are ambitious open for change on global level. they want to work to...
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Nov 26, 2012
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we have just heard from the city tax collector's of bureau of revenue. they are filing this legal action. they confirm the city is going to go after the los angeles dodgers for reimbursement in the treatment of bryan stow. the giants fan who was severely beaten outside of a dodgers game. to help pay for the four months of care it treated stow's injury. the city attorneys have asked a bankruptcy judge to add san francisco to those seeking damage from the team's insurer. this is a bankruptcy issue because the team filed chapter 11. this was a controversy. the city says this is not unusual, but standard practice to go after unpaid bills. it is taking all steps to protect the city's interests. stow and his family is suing the team frin the amount of $50 million. the amount needed for a lifetime of care. reporting live outside san francisco city hall, bob redell, nbc bay area news. >>> now to the south bay. citizens will have a say on who will be the next san jose police chief. city leaders will hold a community meeting tonight to gather input from neighborho
we have just heard from the city tax collector's of bureau of revenue. they are filing this legal action. they confirm the city is going to go after the los angeles dodgers for reimbursement in the treatment of bryan stow. the giants fan who was severely beaten outside of a dodgers game. to help pay for the four months of care it treated stow's injury. the city attorneys have asked a bankruptcy judge to add san francisco to those seeking damage from the team's insurer. this is a bankruptcy...
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Nov 26, 2012
11/12
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. >> and signs of a fiscal compromise as a prominent lawmakers says he will consider a cap on taxes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. >>> oakland police tonight are trying to quail a spike in gun violence. four people have been shot and killed in just the past 24 hours. >> reporter: gunfire, flashing lights and homicide investigators that's what folks in this alan dale in east oakland woke up to just about 6:00 this morning. >> seemed like a lot of shots. i don't know probably 15, at least maybe 20. >> reporter: neighbor adam po and h
. >> and signs of a fiscal compromise as a prominent lawmakers says he will consider a cap on taxes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half....
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Nov 26, 2012
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taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week. this morning we'll meet with house majority leader eric cantor live in "america's newsroom.". next hour we talk to him where these negotiations are. how much each side is willing to give up and what they want in return. ultimately will they get a deal? eric cantor coming up next hour. martha: it is all in the language and semantics of these discussions. as u.s. lawmakers continue all this wrangling over some kind of budget deal we work towards here at home, european lawmakers are meeting today on their fin
taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week....
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Nov 26, 2012
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. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting all the attention right now but these talks also need to address the federal debt limit. it's set by law at $16.4 trillion. the nation is already approaching the national debt of $16.3 trillion. nobody wants a repeat of that summer standoff we went through last year. >> certainly so. susan mcginness in washington this morning, thank you so much. >>> while washington is worried about the fiscal cliff it appears the average american is looking to spend. the holiday shopping season got started in record fashion thanksgiving night and the spending spree lasted through the weekend. according
. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting...
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Nov 26, 2012
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with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, thank you very much. it's good to see you. >> thank you. >> black friday weekend, breaking records all over the place. will cybermonday do the same? after getting a bad beating in the election, the grand old party may be trying to reinvent itself. the new face of the gop and we have answers next. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at options. then i got a medicare supplement insurance plan. [ male aouncer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up
with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, thank you very much. it's good to see you. >> thank you. >> black friday weekend, breaking records all over the place. will cybermonday do the same? after getting a bad beating in the election, the grand old party may be trying to reinvent itself. the new face of the gop and we have answers...
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Nov 26, 2012
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he says i would raise taxes if. then he lists this incredible list of reforms and entitlements that the democrats would never give him. i suggested, senator, you're offering to trade a tax increase for a pink unicorn that doesn't exist. >> you're saying this is never going to happen. because if a republican says, you know what, i am actually not going to go with the pledge that i have signed and i'm going to, you know, do this compromise and vote for that, would you then target that lawmaker? would you say, you know, you're lying. you changed your mind from the pledge. now i'm going to put the substantial weight and efforts of your organization to try to unseat that republican candidate? >> george hervert walker bush broke his commitment to the american people. i don't think the americans for tax reform even put out a press release. somehow the american people figured out he broke his commitment. he couldn't get 38% of the vote when he ran in a general. he didn't lose in a primary. he lost in a general election. rai
he says i would raise taxes if. then he lists this incredible list of reforms and entitlements that the democrats would never give him. i suggested, senator, you're offering to trade a tax increase for a pink unicorn that doesn't exist. >> you're saying this is never going to happen. because if a republican says, you know what, i am actually not going to go with the pledge that i have signed and i'm going to, you know, do this compromise and vote for that, would you then target that...
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catalonia is actually very wealthy it's a strong is portugal's but the fact is they give far more in taxes to the central government than they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfil his election promise of holding a referendum on independence from spain as you mentioned did not get an absolute majority so he will not be able to push this through straightaway but luckily for him the second biggest party that was voted him was also pro independence so the feeling is they will be able to negotiate and between them they will have enough power to push through this referendum but the biggest sticking point for this referendum is that it is against the spanish constitution some commentators are saying it could actually lead to the arrest of aftermath he tries to push it through the spanish prime minister matter and one hundred has also said. that said he would be desperate to keep hold of one of the country's wealth the
catalonia is actually very wealthy it's a strong is portugal's but the fact is they give far more in taxes to the central government than they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfil his election promise of holding a referendum on independence from spain as you mentioned did not get an absolute majority so he will not...
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rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and officials there had to stop trading just to prevent it from declining any further. that's the economic turmoil this country finds itself in. there are tons of other political and social unrest unfolding across the egyptian capital, cairo. a short while from now, mourners are going to be prayi
rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the...
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expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize later. the american people have seen that game before. they won't be fooled again. >> the top republican on the senate budget chel explained the g.o.p. plan to bring in mo
expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the...
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Nov 26, 2012
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the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how important all that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alon
the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how...
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Nov 26, 2012
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. >> his power comes from this tax pledge. the last thing that he can afford to see more republicans peel off. if they do, then he can't get the next person to sign that pledge. >> tomorrow on "starting point" we're going to be talking to race car driver danica patrick and star of "pretty little liars." cnn newsroom with carols can to casse tell low begins now. >>> horror in bangladesh. two giant clothing factories there go up in flames. they might have made the clothes that are in your closet right now. thousands of workers protest the deaths of their colleagues. were safety warnings ignored? >>> republican rebellion? lindsey graham the latest lawmaker to buck a powerful gop lobbyist and his anti-tax pledge. we'll have the view from the edge of the so-called fiscal cliff. >>> one of the most recognizable voices in hollywood lends his voice to a pro-same-sex marriage ad. >> freedom, justice and human dignity have always guided our journey toward a more perfect union. now across our country, we are standing together for the rig
. >> his power comes from this tax pledge. the last thing that he can afford to see more republicans peel off. if they do, then he can't get the next person to sign that pledge. >> tomorrow on "starting point" we're going to be talking to race car driver danica patrick and star of "pretty little liars." cnn newsroom with carols can to casse tell low begins now. >>> horror in bangladesh. two giant clothing factories there go up in flames. they might have...
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Nov 26, 2012
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that's raising taxes. we're raising revenue through tax raises. it doesn't matter what you call them as long as you understand they're the same. and the other thing i don't get is the notion that democrats are the ones that protect entitlements and republicans are the ones that are trying to protect businesses or rich people. i think we have to get past this overon simplification. i think there's not a republican in office, i don't think any republican is saying, we want to get rid of entitlement. so i think it's important that we get away from the talking points and the sound bites and both parties are pro business and it's not about being anti-tax. it's about unnecessary taxes and i think both parties view that don't want to have those taxes, as well. and i think as long as we're able to have a conversation about this compromise is easier to be made. >> 37 days until that cliff. >>> a voluntary recall for the generic, underlined generic version of the popular anti- anti-cholesterol drug lipitor. the generic version as seen in this entry from an
that's raising taxes. we're raising revenue through tax raises. it doesn't matter what you call them as long as you understand they're the same. and the other thing i don't get is the notion that democrats are the ones that protect entitlements and republicans are the ones that are trying to protect businesses or rich people. i think we have to get past this overon simplification. i think there's not a republican in office, i don't think any republican is saying, we want to get rid of...
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todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> does it mean we might be closer to a fiscal cliff compromise? athena jones takes a closer look. >> reporter: that's, of course, the big question here. we know in the meeting the president had with lawmakers the friday before thanksgiving there was a lot of positive talk coming out of that with leaders on both sides saying the meeting was constructive, that lawmakers understood their responsibilities, and that they were going to work to
todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for...
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people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reli
people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something [ female...
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Nov 26, 2012
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republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want
republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but...
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should taxes go up. the discussion is how do you do it? >> exactly. and, listen, i think that to the extent we are just talking right now, i don't think that talking hurts. but should this become -- should this come in play, little there will be a lot of people on the left who will not be very happy. i think in some ways it is apples and oranges. i think what you're hearing is we will do this, however, you need to do the separate thing over there. i don't think social security has anything to do with it. >> let's talk raw numbers here. at the end of the day you have to find 218 house members. and in the past john boehner has said and, oh, by the way, his election is after the fiscal cliff. that happens a couple days after the fiscal cliff. so all of this maneuvering is complicated. to get to 218 he has said he wants a majority of the majority, which is approximately 120 republicans, so then you have to find some nearly 100 democrats to do this as well, and if that has social security and medicare in it,
should taxes go up. the discussion is how do you do it? >> exactly. and, listen, i think that to the extent we are just talking right now, i don't think that talking hurts. but should this become -- should this come in play, little there will be a lot of people on the left who will not be very happy. i think in some ways it is apples and oranges. i think what you're hearing is we will do this, however, you need to do the separate thing over there. i don't think social security has...
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it's about unnecessary taxes. both don't want unnecessary taxes as well. as long as we are able to have an intelligent conversation and move away from the sound bites compromise is easier to be made. >> 37 days until then. >>> a voluntary recall for the generic version of the popular anti-cholesterol drug lipitor. the generic version is made by ranbaxy pharmaceuticals as seen in this entry from an online drugstore. it is feared glass particles may be in bottles of the drugs. the company based in india is calling back 40 batches of the generic pill. >>> if you didn't get your shopping fix this weekend, relax. there's cyber monday. could the internet's biggest shopping day soon be a thing of the past? this monday online only. get the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this holiday, get the best deals on the best devices on the best network. exclusively at verizon. thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] thor's small business earns double miles on
it's about unnecessary taxes. both don't want unnecessary taxes as well. as long as we are able to have an intelligent conversation and move away from the sound bites compromise is easier to be made. >> 37 days until then. >>> a voluntary recall for the generic version of the popular anti-cholesterol drug lipitor. the generic version is made by ranbaxy pharmaceuticals as seen in this entry from an online drugstore. it is feared glass particles may be in bottles of the drugs. the...
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wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people who are against separatism do point out that if catalonia does withdraw from spain it could also mean it has to drop out of the european union and not many people in catalonia would be in favor of that if that turns out to be the case and maybe they would prefer the status quo so there are a lot of ifs and buts but what we do know as a result of today's election there is a growing sentiment of nationalism and a sense for independence here in catalonia. from the european partnership for independence believes claims catalonia would be unable to join but your simply madrid trying to derail the separati
wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people...
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. >> without a bipartisan plan, bush era tax cuts will expire. congressional leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united states who on -- in a debate with mitt romney said that he had said it was a terrorist attack, he hadn 't. >> rice has maintained she based her statements on protesters on cia intelligence available at the time. four americans including u.s. ambassador to libya chris stevens were killed. >>> police are making progress in recovering some 2 million donations made to the salvation early. police in toronto said earlier in the year they discovered a person had made off with donations of toys and good. tips led them to a trailer where they found toys and food. >> officers did find to
. >> without a bipartisan plan, bush era tax cuts will expire. congressional leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united...
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and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's willing to break the no tax pledge that he made when he first ran for office. and guess what? now he has company. fellow republican senators lindsey graham and bob corker say that under the right circumstances, they too are willing to break ranks. what is the republican world coming to? john avalon, straight to you, cnn contributor, writer for daily beast newsweek. i want to get your reaction to the news we heard from jay carney, we now know the president has spoken by phone over the weekend with boehner and mcconnell. might this be progress? >> yes, it might be progress. that's a good thing. you go
and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's...
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Nov 26, 2012
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one thing is all the taxes eventually get paid. you don't get away with not paying taxes just because you put money into an ira. you have to pay when you pull it out of retirement. the second thing is there is no doubt today people can lower their tax bill, it will be definitely lower the savings rate if we were to do that. and finally, $100 billion is what we could raise. that is a drop in the bucket. a trillion plus dollars deficit. we need way more than these kind of things to fix this. we need to cut spending. that is what we need to do. this is the only way we will balance the budget. melissa: you make a point not everyone has made, just the impact of the stock market of what is going on. raising taxes on investment doesn't even hurt as much as just how much government spending is going on. >> i will try. this is the heart of economics. call it the cloud or the smart phone or the tablet, those technologies to throw out productivity efficiency. and the games society makes from these technologies, we get reinvested, sort of the
one thing is all the taxes eventually get paid. you don't get away with not paying taxes just because you put money into an ira. you have to pay when you pull it out of retirement. the second thing is there is no doubt today people can lower their tax bill, it will be definitely lower the savings rate if we were to do that. and finally, $100 billion is what we could raise. that is a drop in the bucket. a trillion plus dollars deficit. we need way more than these kind of things to fix this. we...
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Nov 26, 2012
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it's about unnecessary taxes. both don't want unnecessary taxes as well. as long as we are able to have an intelligent conversation and move away from the sound bites compromise is easier to be made. >> 37 days until then. >>> a voluntary recall for the generic version of the popular anti-cholesterol drug lipitor. the generic version is made by ranbaxy pharmaceuticals as seen in this entry from an online drugstore. it is feared glass particles may be in bottles of the drugs. the country based in india is calling back 40 batches of the generic pill. >>> if you didn't get your shopping fix this weekend, relax. there's cyber monday. could the internet's biggest shopping day soon be a thing of the past? and that makes me feel pretty good about it. and then i heard about a study looking at multivitamins and the long term health benefits. and what do you know? they used centrum silver in the study. makes me feel even better, that's what i take. sorry, we take. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your mo
it's about unnecessary taxes. both don't want unnecessary taxes as well. as long as we are able to have an intelligent conversation and move away from the sound bites compromise is easier to be made. >> 37 days until then. >>> a voluntary recall for the generic version of the popular anti-cholesterol drug lipitor. the generic version is made by ranbaxy pharmaceuticals as seen in this entry from an online drugstore. it is feared glass particles may be in bottles of the drugs. the...
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Nov 26, 2012
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lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong holiday sales won't last. the dow jones industrial average lost 42 points to close at 12,967. the nasdaq managed about a ten- point gain to close at 2976. the woman who helped steer the government's regulatory response to the 2008 financial crisis is stepping down. mary schapiro announced today she's resigning as chair of the securities and exchange commission after nearly four years. president obama has designated s.e.c. commissioner elisse walter to replace schapiro, effective december 14. in bangladesh, thousands of people protested today over a deadly fire at a factory that makes garments for american and other companies. at least 112 people died in the saturday night blaze on the outskirts of dhaka, the country's capital. today, crowds of textile workers demanded justice and improved conditions. they accused management of putting production quotas ahead of people's lives. . >> reporter: what the f
lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong holiday sales won't last. the dow jones industrial average lost 42 points to close at 12,967. the nasdaq managed about a ten- point gain to close at 2976. the woman who helped steer the government's regulatory response to the 2008 financial crisis is stepping down. mary schapiro announced today she's resigning...
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there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. until i show them this. the oral-b pro-health clinical brush. its pro-flex sides adjust to teeth and gums for a better clean. the pro-health clinical brush from oral-b. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duc
there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the...
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Nov 26, 2012
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taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china, russia, and iran are actively lobbying for new global rules that can allow them to, for example eavesdrop at will or sensor content. rick gold stein is the director of the project. it's no surprise china and iran and russia would love to control the internet. about it's a surprise they are going to have some conference with the u.n. in dubai next week. we are attending and this is going to be the topic? >> looking at the history of the united nations and how it triumphed on free speech. i'm not surprised. we h
taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china,...
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. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions, they don't specify what specific deductions it would be but that is the cap of tax deductions you could take and there by after that point you don't get any more deductions, so the amount of taxes you pay goes up. now this is not new, jon, this is what really mitt romney and paul ryan were running on, as they talked about it they got hammered again and again for not being specific on what tax deductions and loopholes were going to close. but this was the line for the republican standard bearer, the candidate. so when you hear these senators and congressmen talking about that and
. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions,...
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revenues and raising tax rates. i get it. but do your constituents get it? >> isn't this where i'm supposed to confess my sins to my preacher. >> when you have four people dead, how do you call that hype? >> how many security contractors died in iraq. do you know? >> i don't. >> as u.n. ambassador, she has an obligation not just to be a puppet. >> when i see this focus on what was essentially a small fire fight, it's impossible to figure out what happens on them sometimes. >> she could conceivably get your vote. >> the emphasis has been extremely political probably because fox was operating as a wing of the political party. >> tom ricks, thank you for joining us. >> as far as young women are concerned, i can state my position on abortion. other than that leave the issue alone. >> 20 hail marys, 20 our fathers. ja let's get to our fanl. ana marie cox is a correspondent for "the guardian," and msnbc political analyst karen finney. karen, we just heard senator john mccain a moment ago in "top lines" saying, okay, from
revenues and raising tax rates. i get it. but do your constituents get it? >> isn't this where i'm supposed to confess my sins to my preacher. >> when you have four people dead, how do you call that hype? >> how many security contractors died in iraq. do you know? >> i don't. >> as u.n. ambassador, she has an obligation not just to be a puppet. >> when i see this focus on what was essentially a small fire fight, it's impossible to figure out what happens on...
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Nov 26, 2012
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look for language difference between tax rates and tax revenue as the debate moves forward there. >>> also this morning, the promises made to students by private for-profit colleges. did recruiters know and bend the truth about the job market to lure students to sign up for classes? a lot of reporting in recent years about what is going on with for-profit colleges. some of it kind of scary. we'll delve into that. >> we'll hear more in the next half hour. >>> later, the legendary rolling stones begin their concert tour, celebrating 50-year search for rock 'n' roll satisfaction. the first of five concerts. >> i could watch mick jagger dance all day. i think that's poetry in motion when mick gets on the stage and he's prancing around there. you can't beat that. that's americana at its best. >> better moves. rob nelson? mick jagger? >> no one's in mick's league. >>> but first, retailers will have an eye on computer hard drives today in addition to those cash registers. >> cyber monday has already begun with online vendors posting holiday bargains. shoppers expect to spend $1.5 billion onl
look for language difference between tax rates and tax revenue as the debate moves forward there. >>> also this morning, the promises made to students by private for-profit colleges. did recruiters know and bend the truth about the job market to lure students to sign up for classes? a lot of reporting in recent years about what is going on with for-profit colleges. some of it kind of scary. we'll delve into that. >> we'll hear more in the next half hour. >>> later, the...
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minimum tax. is there a reason or desire in the white house to have a more permanent pass on that? >> one of the problems that we face with our tax policy is lack of certainty. the alternative minimum tax in particular has extra inflation that causes an ad hoc adjustments every year and creates uncertainty. i do not want to go beyond that. that is not something that we listed in the report. >> i would like to bring in today, cyber-monday, and black friday into the equation. how would retail sales from today and friday helped retail sales going into the economy? how does it affect this economy and the economic situation right now? what will the effect be if we did not have middle-class tax cuts any more? could you give us today and next year possibilities? >> retail spending is extremely important for the economy. as you mentioned, consumption accounts for 70% of our gross domestic product. to put the figure in context, if no class tax cuts are not extended and spending falls next year, that is fou
minimum tax. is there a reason or desire in the white house to have a more permanent pass on that? >> one of the problems that we face with our tax policy is lack of certainty. the alternative minimum tax in particular has extra inflation that causes an ad hoc adjustments every year and creates uncertainty. i do not want to go beyond that. that is not something that we listed in the report. >> i would like to bring in today, cyber-monday, and black friday into the equation. how...
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Nov 26, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the latest victims in the ongoing violence. now, fighting has ripped this country apart. activists say more than 40,000 people now have been killed since the first pretest 20 months ago against the regime of president bashir al assad. nick payton walsh shows us what happens when bombs fall in, of all places, a playground. >> these disturbing images show what happens after a children's playground is hit, according to activists by a cluster bomb. refugees with nowhere else to hide apparently hit by a single deadly device dropped by a jet. some cluster bombs released smaller explosives to cause maximum devastat
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the...
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Nov 26, 2012
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some selling for tax purpose bus i think we'll sit quiet as we wait to see what happens on the fiscal cliff. >>> happening now, protesters are filling the streets of cairo and camping out in tahrir square today as political unrest grows and we are giving you a live look at the scene right now in cairo. the protests are in response to president muhammed morsi's massive expansion of his powers. among his new powers, immunity from the nation's courts. morsi said the new powers are needed to hurry up the transition process from decades of rule by former dictator hawes kn -- hosni mubarak. >>> 6:57. we've been talking about the fog all morning long. we want to check the forecast with meteorologist christina loren. >> now we're getting to the worst point when it comes to that fog formation between 7:00 and 9:00. after 9:00 it should start to burn off and we are expecting quite a beautiful finish to the day. this is a live look at the sunol grade and you can see that fog has settled in but we've got a beautiful clear sky above. it's just going to take a little time for the sun to break throu
some selling for tax purpose bus i think we'll sit quiet as we wait to see what happens on the fiscal cliff. >>> happening now, protesters are filling the streets of cairo and camping out in tahrir square today as political unrest grows and we are giving you a live look at the scene right now in cairo. the protests are in response to president muhammed morsi's massive expansion of his powers. among his new powers, immunity from the nation's courts. morsi said the new powers are needed...
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otherwise taxes will go up and major taxes will be triggered. senators lindsey graham and saxby champ blins are suggesting they would be willing to break their no tax pledge to get a budget deal done. today is day six of the cease-fire between israel and hamas and delegations from both sides are in cairo to meet separately with representatives from egypt which helped broker the cease-fire along with the united states. hamas says the latest round of talks will focus on border crossings and easings of the economic blockade of gaza. >>> the bodies of a northern california couple have been recovered after they were swept out to sea trying to save their dog. the family was playing fetch with their dog north of eureka on saturday. the dog chased after a stick and got pulled into the ocean by eight to ten foot waves. the boy and his parents followed the dog into the water. >> horrible story. >> feeling lucky? no grand prize winner saturday night. the jackpot for wednesday's powerball drawing is up to $425 million. that number could go even higher depen
otherwise taxes will go up and major taxes will be triggered. senators lindsey graham and saxby champ blins are suggesting they would be willing to break their no tax pledge to get a budget deal done. today is day six of the cease-fire between israel and hamas and delegations from both sides are in cairo to meet separately with representatives from egypt which helped broker the cease-fire along with the united states. hamas says the latest round of talks will focus on border crossings and...
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Nov 26, 2012
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the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to strike a more conciliatory tone over the weekend. i'm going to play two statements for you, john mccain a few weeks ago and john mccain yesterday and ask you about it on the other side. >> we will do whatever is necessary to block the nomination that's within our power as far as susan rice is concerned. >> i think she deserved the ability and the opportunity to explain herself and her position, just as she said. >> chuck, very quickly, is this a very significant change? >> reporter: it is and it tells you something that a lot of people
the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to...